... but at least both gold and silver are up this morning. Gold down $2 off its morning highs to $1.034 and silver $.07 off its morn highs to $16.26

It ain't much but at least its up!

The slime in new york hit the stock markets, gold and silver as hard as they could. This caused the big trading houses to dump same and go after short term treasuries. By coincidence the US was selling billions and billions of them just in time! So once again there was a market for more questionable government paper based on rotting Fed paper sold to perpetuate the scheme of US budget deficit.

No one knows, but I anticipate a short, small regrouping that forms a new base around $1,030. Then a continuation of gold upwards to retest $1070 by Dec.

Just possibly we will have a nice Christmas present waiting for us!